EPR Properties price target raised to $65.50 from $65 at Stifel

Stifel raised the firm’s price target on EPR Properties (EPR) to $65.50 from $65 and keeps a Buy rating on the shares. Over the past five years, EPR has averaged an annual spend on asset acquisition of $86M. This morning, in one fell swoop, the company announced a transaction close to four times that figure by acquiring a seven-park portfolio, the firm notes. Stifel believes the recently guided 2026 investment spend of $400M-$500M did not fully take into account this transaction. The firm feels that this transaction is sending a message that the company is shifting away from its recent transactional pace and that 2026 could be a breakout year on the investment front.